By Sarah Lizee
Olympia, Wash., July 16 – JPMorgan Chase Financial Co. LLC priced $2.36 million of 0% digital equity notes due March 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to negative 10%, the payout at maturity will be the threshold settlement amount of $1,120 per $1,000 of notes.
Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,364,000
|
| Maturity: | March 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than or equal to negative 10%, par plus 12%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
|
| Initial level: | 3,013.77
|
| Pricing date: | July 12
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132C4C4
|
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